Quest Resource up after announcing deal to buy energy company
Quest Resource Corp. (Nasdaq:QRCP) are rising after the natural gas company reported early Tuesday that it agreed to purchase PetroEdge Resources for $140 million. PetroEdge is a privately-held energy company based in Houston and Harrisville, West Virginia. Quest said it anticipates the deal to close in mid-July.
In Tuesday morning trading, QRCP shares are up 11.07%, or $1.36, to $13.65. For detailed price information and recent news stories about Quest Resource, click QRCP.
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Reporter Will Atkinson is based in SmallCapInvestor.com's Washington, D.C. bureau.
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